The Great Paradox: Why Stocks Aren’t Getting Respect

February 6, 2012

Investors have fooled themselves yet again with inconsistent assumptions, and created a “Great Paradox.”

What We Don’t Know About America’s Most Famous Secretary

January 31, 2012

Warren Buffett wants critics to focus on facts about his secretary, but facts are not forthcoming. Are her taxes typically middle class?

Shades Of Gray At Berkshire Hathaway

April 14, 2011

When it comes to conduct that may be unethical or even illegal, there are many shades of gray. So it is with the conduct of David Sokol, who until two weeks ago was Warren Buffet’s most likely successor — if under “shades of gray” we include “black” and “white.” Sokol either walked up to the legal line or crossed it to turn a quick and handsome investment profit. Ethically, however, …

Comments Off

A 100-Year Promise (Picture Frame Not Included)

September 3, 2010

Not long ago, I paid $25 at an antiques store to buy an old $1,000 bond that now hangs, framed, in our office in Scarsdale, N.Y. The beautifully engraved bond was issued by the Lehigh Valley Terminal Railway Company, a newly organized subsidiary of the Lehigh Valley Railroad, on Oct. 1, 1891. It recites that the railroad “acknowledges itself indebted to the bearer hereof in the sum of One Thousand …

Comments Off

It’s 2010. Do You Know Where Your Lawyer Is?

January 4, 2010

In a few weeks, about 2,000 of the country’s best estate planners — most of them attorneys — will gather in Florida for an annual technical conference which, this year, is likely to be more of a pep rally. The estate tax has been dropped, at least for now, from the federal tax code. Nearly all of these lawyers want it restored ASAP. Safe amid the obscurity of the 44th …

Comments Off

Sorry, you can not to browse this website.

Because you are using an outdated version of MS Internet Explorer. For a better experience using websites, please upgrade to a modern web browser.

Mozilla Firefox Microsoft Internet Explorer Apple Safari Google Chrome